Efsf Framework Agreement

On 1 January 2012, Standard and Poors (S&P) downgraded its rating of the European Financial Stability Facility from AAA to AA+; The downgrade followed the downgrading of France and eight other euro area countries on 13 January 2012, which raised fears that the EFSF would find it difficult to raise funds again. [37] In November 2012, Moody`s downgraded them. [38] In May 2020, Scope Ratings – a leading European credit rating agency – assigned the European Financial Stability Facility a long-term rating of AA+for the first time, with a stable outlook. [39] On 19 October 2011, Helsingin Sanomat reported that the Finnish Parliament had adopted the extension of the efSF guarantee without quantifying Finland`s potential total liabilities.